Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 21 April 2022, Thursday. Know Views of India’s Big commodity experts like Manoj Jain of Prithvi Finmart, Ajay Kedia of Kedia Commodity and Anuj Gupta of IIFL Sec on gold and silver. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price. Check update on gold, silver price outlook for COMEX.
Gold and silver extended its losses on Wednesday despite downbeat U.S. existing home sales data. Both precious metals were settled on a weaker note in the international markets. Gold and silver extended its fall despite disappointing U.S. existing home sales data and profit taking in the dollar index.
Existing home sales in the U.S. fell to a seasonally adjusted and annualized rate of 5.77 million units in March and down by 2.7% as compared to February’s annualized rate of 6.02 million homes. This is the second consecutive month home sales in the United States have declined.
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The dollar index also slipped from two year high after rebound in the U.S. equities. Gold and silver plunged in the early trading sessions but recovered from their lows. Russia-Ukraine crisis and global inflation fears are supported precious metals at lower levels.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session and gold is expected to hold $1934 per troy ounce levels and silver could also hold $24.84 per troy ounce levels on a closing basis. Gold is having support at $1945-1934 per troy ounce and resistance at $1968-1984 per troy ounce while silver is having support at $25.00-24.84 per troy ounce and resistance at $25.55-25.70 per troy ounce.
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He says, gold is having support at 52480-52300 and resistance at 52850-53000 while silver is having support at 68000-67440 and resistance at 68800-69220 levels. Jain suggest sell on rise in gold around 52880 with a stop loss of 53050 for the target of 52450.
Anuj Gupta, IIFL Sec, Daily Commodity Calls 21 April 2022
Buy Gold June at 52400 SL 52050 TARGET 53100
Buy Silver May at 68000 SL 67350 TARGET 69200
Sell MCX Copper Apr AT 820 sl 827 target 816
Sell Crude Oil May at 7950 SL 8100 TARGET 7650
Sell USDINR apr AT 76.40 SL 76.60 TARGET 75.80
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 20 April 2022 (Gold Price Today)
23 carat gold price – Rs 52100
22 carat gold price – Rs 51100
20 carat gold price – Rs 46100
18 carat gold price – Rs 41800
14 carat gold price – Rs 33000
Sone ki Ginni ka Bhav – Rs 42800/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 70500/per kg
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Note: The prices being given to you on Gold Price Today are taken from different jewellers and bullion associations of the country. The price of gold, silver in your city may fluctuate as the local jewelers add GST, making charges and hallmarking charges to the gold price. Many jewelers also charge a premium for their shop. Therefore, there is a difference in the price of gold and silver at the shop in bullion.
Disclaimer: This article is written for informational purposes only. This is the opinion of the expert. If you make any investment, first take the advice of your financial advisor. Individuals associated with Gold Price Today do not personally buy, sell or trade gold/silver. Gold Price Today will not be responsible for any loss caused to you.